Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $192.39 and traded as high as $194.68. Expeditors International of Washington shares last traded at $194.5210, with a volume of 1,114,215 shares trading hands.
Wall Street Analysts Forecast Growth
EXPD has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 4th. Truist Financial upped their target price on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. UBS Group increased their target price on shares of Expeditors International of Washington from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. BNP Paribas Exane initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price target on the stock. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $181.27.
Read Our Latest Analysis on Expeditors International of Washington
Expeditors International of Washington Trading Up 2.8%
The business has a 50 day moving average of $192.39 and a 200-day moving average of $168.34. The firm has a market capitalization of $25.11 billion, a P/E ratio of 34.01, a PEG ratio of 5.00 and a beta of 1.08.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.64 EPS. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.
Expeditors International of Washington Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s dividend payout ratio is currently 20.56%.
Institutional Investors Weigh In On Expeditors International of Washington
A number of hedge funds and other institutional investors have recently made changes to their positions in EXPD. BlackRock Inc. bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $2,193,093,000. Caisse de depot et placement du Quebec acquired a new position in Expeditors International of Washington in the 2nd quarter worth $169,665,000. Legal & General Group Plc acquired a new position in Expeditors International of Washington in the 2nd quarter worth $125,395,000. Bank of New York Mellon Corp bought a new position in Expeditors International of Washington during the 2nd quarter worth about $108,099,000. Finally, Deutsche Bank AG bought a new position in Expeditors International of Washington during the 2nd quarter worth about $102,595,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.
About Expeditors International of Washington
Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.
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